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Iceland Seafood International hf (OISE:ICESEA) Days Payable : 50.07 (As of Mar. 2024)


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What is Iceland Seafood International hf Days Payable?

Iceland Seafood International hf's average Accounts Payable for the three months ended in Mar. 2024 was kr8,024 Mil. Iceland Seafood International hf's Cost of Goods Sold for the three months ended in Mar. 2024 was kr14,623 Mil. Hence, Iceland Seafood International hf's Days Payable for the three months ended in Mar. 2024 was 50.07.

The historical rank and industry rank for Iceland Seafood International hf's Days Payable or its related term are showing as below:

OISE:ICESEA' s Days Payable Range Over the Past 10 Years
Min: 34.22   Med: 43.25   Max: 56.46
Current: 50.76

During the past 11 years, Iceland Seafood International hf's highest Days Payable was 56.46. The lowest was 34.22. And the median was 43.25.

OISE:ICESEA's Days Payable is ranked better than
55.54% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs OISE:ICESEA: 50.76

Iceland Seafood International hf's Days Payable increased from Mar. 2023 (46.35) to Mar. 2024 (50.07). It may suggest that Iceland Seafood International hf delayed paying its suppliers.


Iceland Seafood International hf Days Payable Historical Data

The historical data trend for Iceland Seafood International hf's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Iceland Seafood International hf Days Payable Chart

Iceland Seafood International hf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.86 44.41 55.42 56.46 52.42

Iceland Seafood International hf Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.35 51.71 48.59 48.34 50.07

Competitive Comparison of Iceland Seafood International hf's Days Payable

For the Packaged Foods subindustry, Iceland Seafood International hf's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iceland Seafood International hf's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Iceland Seafood International hf's Days Payable distribution charts can be found below:

* The bar in red indicates where Iceland Seafood International hf's Days Payable falls into.



Iceland Seafood International hf Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Iceland Seafood International hf's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (7680.415 + 8141.819) / 2 ) / 55084.402*365
=7911.117 / 55084.402*365
=52.42

Iceland Seafood International hf's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (8141.819 + 7905.71) / 2 ) / 14623.168*365 / 4
=8023.7645 / 14623.168*365 / 4
=50.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Iceland Seafood International hf Days Payable Related Terms

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Iceland Seafood International hf (OISE:ICESEA) Business Description

Traded in Other Exchanges
N/A
Address
Kollunarklettsvegur 2, Reykjavik, ISL, 104
Iceland Seafood International hf is engaged in the sale, processing, and marketing of frozen, salted, and fresh seafood. The company's operating segment includes Value-added Southern Europe; Value added Northern Europe; Sales and Distribution and Other. It generates maximum revenue from the Value-added Southern Europe segment.

Iceland Seafood International hf (OISE:ICESEA) Headlines

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